Tag: services exports
Faster services imports threaten to erode cushion against India’s goods trade deficit: Report
New Delhi: India’s services trade surplus, which plays a crucial role in offsetting the country’s merchandise trade deficit, is showing signs of pressure as services…
export promotion mission: India needs to leverage FTAs, export promotion mission initiatives to boost shipments: CII’s Budhia
New Delhi: Indian businesses should focus on leveraging free trade agreements (FTAs) and initiatives such as the export promotion mission to expand their global footprint,…
India’s current account deficit more than doubles to $7 billion in July as trade gap expands
India’s current account deficit widened to $7 billion in July from $3.2 billion a year earlier, as a larger merchandise trade deficit offset an improvement…
India’s services exports narrow gap with goods trade as overall trade grows 5.4% in Q4FY26: NITI Aayog
New Delhi: India’s trade grew at a healthy 5.4 per cent in Q4FY26 despite a slowdown in merchandise exports on strong growth in services exports…
RBI sees services exports, remittances cushioning current account in FY27
New Delhi: A robust outlook for India’s services trade balance, particularly in software and business services, along with steady inward remittances from non-Gulf countries, is…
India-EU FTA to cover one-third of global trade, impacts 2 billion people: Commerce Ministry
New Delhi: The India-European Union Free Trade Agreement (FTA) will cover nearly one-third of global trade and touch around 2 billion people, making it one…
India’s exports to hold steady in March despite global disruptions: Piyush Goyal
New Delhi: Commerce and industry Piyush Goyal Tuesday said in Lok Sabha that India’s trade remains resilient despite global disruptions. While merchandise trade saw some…
India’s cumulative exports rise to $720.76 billion in Apr-Jan 2025-26, up 6.15%
New Delhi: India‘s external sector has demonstrated steady resilience in the current financial year, with cumulative exports touching USD 720.76 billion during April-January 2025-26, marking…
India’s current account gap narrows in Q2 on higher services exports, remittances
India’s current account deficit eased to $12.3 billion, or 1.3% of GDP, in the July-September quarter from $20.8 billion a year earlier, mainly due to…
India’s services exports boom offsets turbulence in goods trade: FinMin report
As India’s external sector continues to be hit by a complex global environment, the persistent strength in services exports provides an important counterbalance to the…